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高盛:繼續對物管股持正面看法 重申雅生活服務(3319.HK)等“買入”評級
格隆匯 01-16 15:59
高盛發表研究報告,預期2022年內地物業管理與裝修服務公司的每股盈利將分別平均錄28%及16%增長。該行仍對其覆蓋的物業管理公司為實現收入來源多元化而所作的持續努力,通過管理不同的資產類型,及提供各種增值服務持正面看法。從長遠來看,可以提高收入增長的可見度。
同時,該行預期其覆蓋的物業管理公司在2020年從基本公共服務所得的收入在現階段已平均鎖定接近100%,在投資組合結構轉移、強而有力地執行併購項目、改善提高物管費用的可見度,以及不斷變化的收入組合等背景支持下,其毛利率在2022年之前將會穩定在現水平。
該行重申雅生活服務(3319.HK) 、碧桂園服務(6098.HK) 及中海物業(2669.HK)“ 買入 投資評級,目標價分別為35.1港元、38.2港元及6.5港元,而這是基於它們在行業的領先地位,而雅生活服務為該行確信名單內。
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